Margarita Vestager underlines corporate tax stance

Having companies pay their tax where they make their profits is the best way to resolve unfair tax competition between member states, Competition Commissioner Margarita Vestager said yesterday.

She was responding to a European Parliament reporting calling for countries to forfeit tax that the Commission say companies should pay when they breach state aid rules.

The Parliament’s report said the current system, whereby companies that had benefited from tax deals and were ordered to pay it to the state involved, means the country benefited twice from breaking state-aid rules.